Pivot: 1.3350

Recommendation: LONG positions above 1.3350 with 1.3500 & 1.3590 as next targets.
Alternative scenario: The downside breakout of 1.3350 will call for a rebound to1.3250/140.
Comment: As long as the pair trades above 1.3350, more gains are suggested to 1.3500/1.3590 levels, a breach below 1.3350 will delay the bullish move and open the way to 1.3250/1.3140 levels, you can wait for a pull back towards / below 1.3400 to long the pair !!!

Best Regards
Haitham

Views: 1071

Tags: EUR/USD, EURUSD

Comment by Haitham653 on January 25, 2013 at 2:19pm

My pending order "buy stop" activated today at 1.3410, I exit the market at 1.3450...

hope anyone long with me...

Comment by Bero Maatouk on January 25, 2013 at 2:28pm

i'm still holding 2 long haitham think it's gonna close at 1.3485 !!!

 

Comment by Samuel on January 25, 2013 at 2:31pm
I did! thanks Haitham! :)
Comment by Haitham653 on January 25, 2013 at 2:33pm

I think it will close around 1.3450 in a range of 20/30 pips, above/below !!

Comment by Bero Maatouk on January 25, 2013 at 2:39pm

ahh okiii haitham thank you sir :)

Comment by Florence Lery on January 25, 2013 at 3:07pm

Yes I did - thanks and still in it with one position!

Comment by Florence Lery on January 25, 2013 at 3:49pm

if daily closes above 1.34 tonight then next week we will see new high...sl to BE on second position ...;)

Comment by kalpana mahajan on January 25, 2013 at 3:49pm

Yes, i did Haitham. Thanks a lot. Keep guiding us.

Comment by Florence Lery on January 25, 2013 at 3:59pm

few days ago during the consolidation I mentioned that e/u kept closing on 23.6% of daily chart - those bounces are very powerful and very bullish...

Comment by Haitham653 on January 25, 2013 at 4:37pm

Yes Florence..

If you back to my previous posts (Weekly Strategies) I said , as long as the daily close is above 1.3279 -10 Jan 2013 high, the pair is bullish and targeting 1.3450/1.3590...

EURUSD - Weekly Strategy (21-25 Jan 2013)

EURUSD- Weekly Chart;Further Upside Risks to 1.3485-1.3835 !

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